How Much Does 2016 Chevrolet Camaro Insurance Cost?

Trying to find better insurance coverage rates for your Chevrolet Camaro? Locating discount insurance coverage may be difficult for price shopping over the internet. With a ridiculous number of online companies available, how can anyone have time to compare every insurance coverage company to find the lowest price available?

It is always a good idea to compare rates before your policy renews because insurance coverage prices change regularly. Despite the fact that you may have had the lowest rate for Camaro coverage last year the chances are good that you can find a lower premium rate today. You can search a lot of insurance coverage online but in a few minutes you can learn some good information on how to find affordable insurance coverage.

If you are paying for car insurance now, you should be able to lower your premiums substantially using this information. Shopping for the lowest cost auto insurance coverage is simple if you know the tricks. But drivers must understand the way companies sell online.

Where can I get the cheapest insurance?

Shopping for lower insurance rates can be exhausting if you aren’t aware of the fastest way to get free quotes. You can waste hours driving to agents in your area, or you could save time and use online quotes to get rate comparisons in just a few minutes.

Many of the larger companies participate in an industry program where insurance shoppers complete one form, and each company provides a quote based on that data. This prevents consumers from doing quote requests to every company.

To access this free quoting program, click here to start a free quote.

The only downside to doing it this way is that you can’t choose the insurers you want pricing from. So if you want to choose specific providers to receive pricing from, we have a page of the cheapest insurance companies in your area. Click to view list.

Compare rates however you want, just do your best to enter nearly identical information for each price quote. If your comparisons have different liability limits you can’t possibly determine the best price for your Chevy Camaro. Slightly different coverages may result in a large different in cost. Just keep in mind that quoting more will increase your chances of finding the best rates. Not every company provides prices over the internet, so it’s recommended that you also compare rates from them as well.

Use discounts to get cheaper auto insurance quotes

Some providers don’t always publicize every possible discount in a way that’s easy to find, so the next list breaks down both the well known and the harder-to-find ways to save on auto insurance.

• Active Military Service – Being on active deployment in the military could be rewarded with lower rates.
• Early Payment Discounts – By paying your entire bill at once instead of paying each month you may reduce your total bill.
• Government Employee Discount – Active or former government employment could cut as much as 10% off for Camaro coverage with certain companies.
• Early Signing – Some auto insurance companies give discounts for switching policies early. It could save around 10% when you buy insurance coverage online.
• Paperless Signup – A few larger online companies will give a small break simply for signing on their website.

Don’t be shocked that most discounts do not apply to the entire cost. Most only reduce individual premiums such as comp or med pay. Even though it appears adding up those discounts means a free policy, it just doesn’t work that way. But any discount will help lower your overall premium however.

Companies that possibly offer most of the discounts above include:

• State Farm
• Geico
• Allstate
• SAFECO
• Farm Bureau
• Progressive
• AAA

If you need cheap insurance coverage quotes, ask every company what discounts are available to you. Some credits may not apply to policies in your area. To see providers offering auto insurance discounts, click this link.

Informed drivers save on insurance

The best way to find cheaper auto insurance is to take a look at the rating factors that come into play when calculating your premiums. When you know what positively or negatively influences your rates, this enables informed choices that could result in cheaper rates.

• Your credit rating is important – Having a bad credit history is likely to be a major factor in determining what you pay. Therefore, if your credit is lower than you’d like, you could save money insuring your 2016 Chevrolet Camaro if you clean up your credit. Consumers who have excellent credit scores tend to be more responsible and file fewer claims than drivers who have poor credit scores.
• Cheaper rates with high comp and collision deductibles – The deductibles you choose state the amount of money the insured will be required to pay before a claim is paid by your company. Physical damage protection, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. Some coverage claims could be collision with another vehicle, damage caused by hail, and having a roll-over accident. The more expense you pay before a claim is paid (deductible), the lower your rates will be for Camaro coverage.
• Use but don’t abuse your insurance – Companies provide cheaper rates to insureds who are claim-free. If you file claims often, you can expect either policy cancellation or increased premiums. Insurance coverage is designed for claims that you cannot pay yourself.
• Save by driving safer vehicles – Cars with five star safety ratings tend to be cheaper to insure. Safe vehicles protect occupants better and lower injury rates means less claims paid and thus lower rates. If your Chevy scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.
• Maintain auto insurance coverage – Not having insurance is illegal and as a result your rates will increase for letting your insurance lapse. And not only will insurance be more expensive, the inability to provide proof of insurance could earn you a revoked license or a big fine.
• City dwellers may pay more – Choosing to live in small towns and rural areas may provide you with better prices when talking about auto insurance. People in densly populated areas have to deal with more road rage incidents and higher rates of accident claims. Fewer drivers means fewer accidents.

Tailor your insurance coverage to you

When it comes to buying adequate coverage for your vehicles, there is no “best” method to buy coverage. Everyone’s needs are different.

These are some specific questions may help you determine whether you might need professional guidance.

• What are the best liability limits?
• How does medical payments coverage work?
• Does car insurance cover theft of personal property?
• Is my state a no-fault state?
• Are my friends covered when driving my car?
• Is my ex-spouse still covered by my policy?
• How much can I save by bundling my policies?
• What if I owe more than I can insure my car for?
• Do all my vehicles need collision coverage?
• Am I covered when driving in Canada or Mexico?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with a licensed agent. If you want to speak to an agent in your area, fill out this quick form.

Insurance coverage considerations

Understanding the coverages of your policy can be of help when determining the right coverages at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage kick in for bills for hospital visits, funeral costs, rehabilitation expenses, EMT expenses and chiropractic care. The coverages can be utilized in addition to your health insurance program or if you do not have health coverage. It covers all vehicle occupants in addition to if you are hit as a while walking down the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Liability insurance – This will cover damage that occurs to a person or their property that is your fault. It protects YOU from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 100/300/100 which means $100,000 bodily injury coverage, $300,000 for the entire accident, and property damage coverage for $100,000. Another option is a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage pays for things such as court costs, structural damage and attorney fees. How much liability should you purchase? That is a personal decision, but buy higher limits if possible.

Uninsured and underinsured coverage – This coverage provides protection from other motorists when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants and also any damage incurred to your Chevy Camaro.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time these limits are similar to your liability insurance amounts.

Collision coverage – This will pay to fix damage to your Camaro from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things such as hitting a mailbox, scraping a guard rail, colliding with a tree, sustaining damage from a pot hole and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible to bring the cost down.

Comprehensive coverages – This coverage will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as rock chips in glass, damage from getting keyed, damage from a tornado or hurricane, a tree branch falling on your vehicle and hitting a deer. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Be a penny pincher

More affordable car insurance is possible from both online companies as well as from insurance agents, and you need to comparison shop both to have the best selection. Some car insurance companies may not have rates over the internet and most of the time these regional carriers sell through independent insurance agencies.

When you buy insurance coverage online, you should never reduce coverage to reduce premium. There are many occasions where an accident victim reduced comprehensive coverage or liability limits and discovered at claim time that the small savings ended up costing them much more. Your strategy should be to buy a smart amount of coverage at the best possible price, but do not sacrifice coverage to save money.

Drivers who switch companies do it for a variety of reasons including extreme rates for teen drivers, unfair underwriting practices, denial of a claim and even policy cancellation. Regardless of your reason, finding the right car insurance provider is less work than it seems.

Much more information about car insurance is located at these links:

• Teen Driving and Texting (State Farm)
• Understanding Your Insurance Deductible (Insurance Information Insitute)
• Booster Seat Ratings (iihs.org)
• Teen Driving Statistics (iihs.org)